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20121202
20121210
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CSPAN 8
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Search Results 0 to 7 of about 8
CSPAN
Dec 9, 2012 6:30pm EST
a clinton/brown rematch. >> what did you learn today? >> that the democrats are not so optimistic about new jersey. they are optimistic about virginia it seems. but sandy seemed to be a good thing for chris christie. >> and also politics in virginia leading up to the attorney general who the governor may run as an independent. >> the attorney general who traditionally waits his turn, moves up to luents governor and then moves up to governor, a guy who is a big dialing of the conservative fan base and the republican party in virginia. the luents governor is set up to run for governor four years ago then had to wait another attorney general. he is not happy about this. he is -- according to "the washington examiner" he is thinking about running as an independent. the committee chairman, the clirn fundraiser would be the governor of virginia. if you would have told me that five years ago i would have called you nuts. >> one state we did not walk about today is wisconsin. it should be interesting because scott walker coming out of the successful recall is running for re-election. he's being tal
CSPAN
Dec 4, 2012 10:00am EST
to work, does it? but in the clinton era when the rates went up, the 39.6 from 35 , they paid a little bit more and, guess what, the income boomed. we had 3.8% unploimed. we balanced the budget -- we had 3.8% unemployment. we balanced the budget. they opposed the tax increases in 4-. they said a disaster would result. not a single republican voted for the increases in taxes that president clinton put forward, which ultimately led to a balanced budget and paying down debt for the first time in 50 years. not one of them because they said it would bring economic disaster and instead is brought prosperity. so they brought out that old broken record, they glued it back together. maybe they put it on the -- put it in a digital format or something. but they're playing it again. it's as valid now as it was then. so it's the same old plan, stick it to the middle class, stick it to the seniors and benefit the ultrawealthy in this country. that's not a new plan. that's the same old broken record. the speaker pro tempore: the chair recognizes the gentleman from texas, mr. poe, for five minutes. mr. po
CSPAN
Dec 4, 2012 5:00pm EST
. >> mark zandi said returning to clinton-era tax rates would hurt the economy but is necessary to get the deficit under control. his comments came at a forum and also bush administration lawrence lindsay and clinton white house chief of staff. >> thank you so much and thank you chairman bachus for turning us and turn it over to peter cook who will moderate our tax panel on tax reform. >> i got a feeling you have to head back to the hill. we hope to come up with some answers and ideas from this panel. we have -- we'll write them down. i'll hand them to your staffer. you hear the mission. we have to come up with some ideas that can pass congress and meet with everyone's approval, so no small task. there are some new faces at the table and again, we want to welcome all of you and go around the table and introduce at least our new faces. we have got the brookings institution who has done a lot on fiscal issues. we have the lindsay group, former economic adviser to president bush. welcome. we have the chairman for the center of american progress. former chief of staff of bill clinton. john
CSPAN
Dec 8, 2012 7:00pm EST
with newt gingrich and clinton. when you have divided government, you have clashes of major philosophical difference. the key is being able to have an element of compromise as part of that process. that is exactly the place we are in right now, trying to find that point. >> the best model for all of you who are working so hard on this may well be speilberg's movie about lincoln. lincoln made deals. you know what, he achieved great, great goals. it goes to the point you are making -- politicians are supposed to play politics, that is not a dirty word. >> the legendary "bloomberg view" columnist -- margaret carlson. >> i had this plan for a couple weeks -- i thought, this could happen. when you said you cannot get people in the corner as the president has with the tax increase on the wealthy -- here is the plan. on december 31, the bush tax cuts expire. after you have your champagne and your funny hats on, on january 1 at 12:01 a.m., there is a middle-class tax cut and the top rate is 39.6%, then they are cut to 37%, so republicans get their tax cut. the markets do not crash and all the dre
CSPAN
Dec 4, 2012 8:00pm EST
for a short time. we need to leave in a better shape. thank you. [applause] >> going back to clinton era tax rates on the rich will do less economic damage than other revenue raising options. here is part of a tax reform panel that featured lawrence john podesta.hn p >> thank you. i will turn the stage back to either cook from bloomberg. he will moderate -- to peter cook from bloomberg. he will moderate the discussion. >> we hope to come up with some answers from this esteemed panel. >> [inaudible] >> you heard it here folks. we need to come up with some ideas. thank you, chairman baucus. there are some new faces at the table. again, welcome to all of you. we will go around the table quickly and introduce at least our new faces. we have bill gale from the brookings institution. he has done a lot on tax and fiscal issues. we have lindsay, a former economic advisor for president bush. welcome. john podesta and chief of staff to bill clinton. welcome. john has to leave us a little bit early. i will go to him first when we begin. we also have the co-director of bill. we have will marshal as well
CSPAN
Dec 4, 2012 7:00am EST
. going back to the clinton tax rates, remember, the average american family has taken a hit. median income four years ago was $54,000 a year. it is about $50,000 a year now. this portion of the population has been squeezed. adding taxes on 90% will not be helpful. how much do you want folks to bear? freezing those tax rates for the overwhelming majority of americans is a smart thing to do. host: you said fight later on. guest: the fight would start the next day. we could do what i'm talking about, and negotiations could continue. doing what i'm talking about does not violate what either side is fighting over. they both say this is something we want to do. why not make sure we do not have some last-minute failure at the end of december. guest: what gives you confidence that democrats would agree later on? guest: this is where i disagree with some of my colleagues. they seem to think the american people are leveraged, and this is the democrats leverage. our leverage is in the spending and entitlement issues. the president and his negotiators are smart and able people. they know the re
CSPAN
Dec 5, 2012 1:00am EST
, and republicans did not want to do that, but he has the good hand in this struggle. restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need, and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates if they should go up some, but do they need to go back where they were? i do not know. lots of ways to increase taxes on rich people, and it may be that a hybrid of marginal tax increases and the kind of base- broadening, loophole closing, expenditure closing that simpson-bowles proposed should be part of the mix. raising marginal rates does not guarantee you will get your intended target. very rich people depend more on investment income than on their labor income. if you want to get them -- and this is where mitt romney was able to pay a 14% tax rate on earnings of $14 million -- so
CSPAN
Dec 5, 2012 8:00pm EST
in the past -- the famous showdown with newt gingrich and clinton. when you have divided government, you have clashes of major philosophical difference. the key is being able to have an element of compromise as part of that process. that is exactly the place we are in right now, trying to find that point. >> the best model for all of you who are working so hard on this may well be speilberg's movie about lincoln. lincoln made deals. you know what, he achieved great, great goals. it goes to the point you are making -- politicians are supposed to play politics, that is not a dirty word. >> the legendary "bloomberg view" columnist -- margaret carlson. >> i had this plan for a couple weeks -- i thought, this could happen. when you said you cannot get people in the corner as the president has with the tax increase on the wealthy -- here is the plan. on december 31, the bush tax cuts expire. after you have your champagne and you are funny hats on, on january 1 at 12:01 a.m., there is a middle-class tax cut and the top rate is 39.6%, then they are cut to 37%, so republicans get their tax cut. isn't
Search Results 0 to 7 of about 8